Bloomberg: Bitcoin strategy firm acquired 1,142 BTC last week.

#BTC Glassnode: At a price of $70,000, unrealized losses in the market total approximately 16% of the overall market capitalization. The current market conditions mirror the pattern seen in early May 2022.

#BTC glassnode: At a price of $70,000, unrealized losses in the market represent approximately 16% of total market capitalization. Current market conditions mirror the pattern observed in early May 2022.

Bitmine (BMNR) acquired 40,600 ETH last week, increasing its total holdings to 4.326 million ETH. An additional 2.87 million ETH are staked.

Farcaster founder Joins Tempo, Stablecoin Network Backed by Stripe and Paradigm

CME launches futures contracts for #ADA, #LINK, and #XLM.

Glassnode reports a generally positive outlook for Bitcoin, encompassing the spot and derivatives markets, ETFs, and on-chain metrics. Despite this, profit margins are shrinking, capital flows remain negative, and there is sustained demand for hedging amid recent price declines. While certain indicators point to a possible easing of selling pressure, a durable recovery is expected to depend on a rebound in spot demand capable of supporting prices above recent lows.

Glassnode reports that the overall outlook remains positive for the spot market, derivatives trading, ETFs, and on-chain metrics. However, profitability is waning, capital flows are moving out of the market, and demand for hedging tools persists following recent price declines. While certain indicators hint at diminishing selling pressure, a sustained recovery is likely contingent upon a rebound in spot demand to support prices above recent lows.

Polymarket has filed a lawsuit against the state of Massachusetts amid ongoing legal disputes between state and federal regulators over prediction markets. theblock.com

Jump Trading plans to acquire a stake in Polymarket.

South Korean authorities have launched an investigation into Bithumb.

Fed Board Member Waller states that there is a lack of progress in establishing clear regulations for cryptocurrency.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

VANA, sponsored by today’s episode, experienced a roughly 50% surge following Upbit’s suspension of deposits and withdrawals for the token. Within ten minutes of the announcement, substantial sell-offs emerged at the peak, ranking as the second-largest sales across centralized exchanges and fueling a decline in VANA’s price.
#Careport 📊 Chart

VANA, sponsored by today’s episode, surged approximately 50% following Upbit's suspension of deposits and withdrawals for the token. Within 10 minutes of the announcement, substantial sell-offs emerged at peak trading, ranking as the second-highest sales volume across centralized exchanges, subsequently causing a decline in VANA's price.
#Careport 📊 Chart

Trump indicated that the US economy could grow by 15% if Kevin Warsh successfully fulfills his role as Federal Reserve Chairman.

Backpack Exchange is negotiating a new funding round with a pre-money valuation of $1 billion, according to Axios. The company aims to raise $50 million, though the total amount of the round may exceed that figure.

Hyperliquid's trading volume surpasses Coinbase, reaching $2.6 trillion compared to Coinbase's $1.4 trillion, according to conditional data.

Hyperliquid's trading volume surpasses Coinbase, reaching $2.6 trillion compared to Coinbase's $1.4 trillion, indicating Hyperliquid's volume is nearly twice as high.

Upbit has announced that DENT has been classified as a cautionary trading stock. The update concerns the DENT/USDT trading pair, with a current price of 0.000145 USDT. Further details can be found on the exchange’s notice page.

Coinbase’s Base App discontinues creator rewards program as it refocuses on tradable assets, according to Cointelegraph.